Rule 2a of service tax rule
Querist : Anonymous
Please suggest me. I charged service tax on work contract @ 4.944% from my client and I received a bill of job work done on site of Rs .12,00,000/- with service tax approx. 1,32,000/-. My query is that can I get the Cenvat Credit of Job work Invoice for payment of service tax.
Looking forward a positive response at your end.
Regrads
Deepak Sharma
You can take input credit of Service Tax paid to job worker.
There no restriction for the same in Cenvat Credit Rules or Service Tax (determination of value) rules.
Querist : Anonymous
But Iam covered under composition scheme. Rule 2A of Service Tax (Determination of Value) Rules, 2006 prohibit cenvat credit on Input. Can we get the benefit of cenvat credit of Job work under Input service. If yes then could you please provide me any case law regarding the same.
Thanks
Deepak Sharma
Querist : Anonymous
But Iam covered under composition scheme. Rule 2A of Service Tax (Determination of Value) Rules, 2006 prohibit cenvat credit on Input. Can we get the benefit of cenvat credit of Job work under Input service. If yes then could you please provide me any case law regarding the same.
Thanks
Deepak Sharma
a) On Capital Goods
b) On Inputs
c) On Input Services
Explanation 2 to rule 2A has clearly mentioned that Cenvat of Input is not available hence the input of Capital Goods and Input Services is available. There is no ambiguity in this hence no need for any case law.
a) On Capital Goods
b) On Inputs
c) On Input Services
Explanation 2 to rule 2A has clearly mentioned that Cenvat of Input is not available hence the input of Capital Goods and Input Services is available. There is no ambiguity in this hence no need for any case law.
Click here to login now
Similar Resolved Queries
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- Taxation on LTCG for property sold after 24JUL2024
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- LTCG for Assmt year 26-27
- Tax liability on income of freelancer
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
